Debt Summary

As of Dec. 31, 2024

  • Borrowings
    KRW 1,503 billion
  • LTV (Based on the appraisal value as of Dec. 2023)
    52.4 %
  • Average Borrowing Period
    1.6 years
  • Ratio of Floating Interest Rates
    63 %
  • Weighted Average Interest Rate
    3.5%

Note 1: Borrowings and asset purchase prices may vary from those shown in the consolidated financial statements considering the equity share in the investment subject (REF). Borrowings such as revolving credit facilities and other non-asset-backed, flexible funding lines have been excluded.

Note 2: The basis of the variable interest rate is the CD rate, which is 3.60% as of 2024/05/20

Note 3: The LTV is the borowings/appraisal value of 18 assets. As of July '23, Bucheon, Gimhae, Yongin, Icheon 2, Icheon 3, and Icheon 6 were appraised by Kyungil Appraisal Corp. In November '23, Goyang, Anseong 1, Anseong 2, Anseong 3, Icheon 5, Gimhae 2, and Anseong 4 were appraised by Jeil Appraisal Corp. Icheon 4 and Pyeongtaek were appraised by Kyungil Appraisal Corp. in November '23. Yongin 2 was appraised by Kyungil Appraisal Corporation in August '23, while Yongin 3 was appraised by Pacific Appraisal Corporation in December '23.

Status of
Loan Maturity

(KRW billion)
As of Dec. 14, 2023

  • Subsidary REIT No.1

  • Real Estate Funds(REF)

  • Subsidary REIT No.2